XN000022-1992-08-20 — Page 14

13

THURSDAY, AUGUST 20, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

+

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TW] 109.6 -0.1‡ 20.8.92

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,500

NIL

1,500

NIL

NJL

1.500

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

6 MONTHS

2.30 PCT

2.37 PCT

2.45 PCT

15 MONTIIS 2311

6.25

103.57

3.41

18 MONTHS

2402

5.50

102.74

3

.67

21

MONTHS 2105

5.50

102.75

3.93

2.65 PCT

24 MONTHS 2408

4.375

100.72

1.07

12 MONTHS 3.15 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 20 AUGUST 1992

-

2,885 MN